ACCA Financial Reporting Study Notes

False (B)

chapter 11

<p>September 2023 - June 2024 (B)</p> Signup and view all the answers

<p>cash flows</p> Signup and view all the answers

<p>Send an email to <a href="mailto:[email protected]">[email protected]</a> with full details. (A)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>Chapter 5 = Non-current assets held for sale and discontinued operations Chapter 9 = Financial assets and financial liabilities Chapter 13 = Taxation Chapter 20 = Associates</p> Signup and view all the answers

<p>Chapter 25 (D)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>978-1-83996-363-6</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>to ensure comprehension of the topics just learned</p> Signup and view all the answers

<p>first</p> Signup and view all the answers

<p>Vast classroom experience = Helps many students pass first time. Accessible Language = Helps you understand more complex areas. Expert Tutors = Ensures the material works for students. Innovative Solutions = Keeps you on your study plan.</p> Signup and view all the answers

<p>chapter 1</p> Signup and view all the answers

<p>key point</p> Signup and view all the answers

<p>On-line reference-ware = Reproduces the Study Text online for anytime/anywhere access. On-line testing = Provides additional on-line objective testing. On-line performance management = Gives immediate access to on-line testing results.</p> Signup and view all the answers

<p>Simplifying the learning process to make it easier for students to succeed (C)</p> Signup and view all the answers

<p>leases</p> Signup and view all the answers

<p>Printed answer booklet (D)</p> Signup and view all the answers

<p>Chapter 17 (A)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>MyKaplan (B)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>Cost of goods sold (C)</p> Signup and view all the answers

<p>to provide worked examples that improve understanding</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>Share issues and dividends</p> Signup and view all the answers

<p>aggregate</p> Signup and view all the answers

<p>Realised profit or loss plus other comprehensive income (B)</p> Signup and view all the answers

<p>Revaluation Surplus = Statement of Financial Position Dividends = Statement of Changes in Equity Total Comprehensive Income = Statement of Profit or Loss and Other Comprehensive Income</p> Signup and view all the answers

<p>True (A)</p> Signup and view all the answers

<p>Increase in accounts receivable (B)</p> Signup and view all the answers

<p>Clarity, accessibility, and ease of use (D)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>To demonstrate richness and diversity.</p> Signup and view all the answers

<p>sought</p> Signup and view all the answers

<p>Clarity = Ensuring easy understanding Accessibility = Accommodating diverse user needs Ease of use = Simple and intuitive operation Diversity = Incorporating a range of backgrounds and identities</p> Signup and view all the answers

<p>Simple measures that can be used by independent assessors to randomly check our success (D)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>978-1-83996-363-6 (D)</p> Signup and view all the answers

<p>Write-down of inventories to net realisable value (NRV) (A)</p> Signup and view all the answers

<p>True (A)</p> Signup and view all the answers

<p>Property, plant and equipment; Investments; Intangibles</p> Signup and view all the answers

<p>line</p> Signup and view all the answers

<p>Trade Payables = Current Liability Long-term Borrowings = Non-Current Liability Cash and Cash Equivalents = Current Asset Property, Plant, and Equipment = Non-Current Asset</p> Signup and view all the answers

<p>Intangibles (C)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>Long-term borrowings</p> Signup and view all the answers

<p>operating cycle</p> Signup and view all the answers

<p>Trade and other payables (D)</p> Signup and view all the answers

Exam dates for Financial Reporting papers are December 2023, March 2024, and June 2024.

Materials designed to cover the whole ACCA syllabus focusing on exam requirements.

Use of simple language to explain complex topics in study materials.

Kaplan materials written by experienced tutors who understand students' needs.

Free resources including testing and assessments available on MyKaplan.

Resources designed to help students stay on their study schedule.

Kaplan's commitment to delivering relatable content for all learners.

A key paper in the ACCA Applied Skills syllabus to understand financial statements.

Ensuring content is understandable and straightforward for learners.

Using a mix of race and gender in educational scenarios.

Making content easy to reach and use for all learners.

Creating material that is interesting and keeps learners involved.

A system to collect responses from learners to improve content.

Ensuring that all individuals feel represented and included.

Fair and equal treatment in language use within educational content.

Regular assessment and adjustment of policies to improve outcomes.

An increase in the value of assets reflected in equity.

The amount received over the par value of shares issued.

Equity set aside for specific investments.

A summary of all changes in equity during a period.

Total income including profit and other income not realized.

Payments made to shareholders from profits.

Corrections made to the previous years' financial statements.

The portion of net income not distributed as dividends.

A person who verifies reported errors and ensures corrections.

Essential terms you need to learn from core content.

Important topics often examined in assessments.

Exercises to ensure comprehension of topics learned.

Worked examples to clarify core content.

Vital extra reading for deeper knowledge on topics.

Detailed explanations of complex technical points.

Financial statements made available for public viewing, detailing a company's financial performance.

Physical assets that have a long-term value, used in operations, like machinery or buildings.

Non-physical assets that provide value, like patents or trademarks.

A reduction in the recoverable value of a fixed asset below its carrying amount.

The regulatory body for corporate governance and reporting in the UK.

A system of concepts that guide the preparation and presentation of financial statements.

Liquid assets such as cash and investments that are convertible to cash.

Combined financial statements of a parent and its subsidiaries.

The process of recording revenue when it is earned regardless of cash receipt.

International Financial Reporting Standards for financial reporting compliance globally.

Material income and expenses that need special disclosure.

Financial statement showing income, expenses, and performance.

Also known as balance sheet; shows assets, liabilities, and equity.

Assets expected to provide economic benefits for more than one year.

Assets likely to be converted to cash or used up within 12 months.

The owner's residual interest in the assets of the entity after deducting liabilities.

Obligations due to be settled within 12 months.

A liability resulting from taxes owed but not yet paid.

Standards for classifying assets and liabilities as current or non-current.